Cost Accounting Course
This Cost Accounting Course is a bundle of 5 courses with 14+ hours of HD video tutorials and Lifetime Access.
This course is designed for students and professionals who want to master cost accounting skills. Topics include Basics of Cost Accounting, Cost Terms, and Purpose, Cost Volume Profit Analysis, Types of Costing, Job Costing, Batch Costing, Activity Based Costing, Cost Allocation and Analysis, Profitability Analysis, Decision Making using Marginal Costing, Process Costing, Joint Product and By Product.
What you get in this Cost Accounting Course.
Cost Accounting Course Details
| Courses | No. of Hours |
| 1 Cost Accounting:01 – Getting Started | 2h 4m |
| 2 Cost Accounting:02 – Types of Costing | 2h 7m |
| 3 Cost Accounting:03 – Cost Allocation and Analysis | 3h 14m |
| 4 Cost Accounting:04 – Decision Making using Marginal Costing | 4h 07m |
| 5 Cost Accounting:05 – Process Costing | 4h 4m |
Course Summary
| Course | Online Cost Accounting Course |
| Deal | This is 5 course bundle. Please note that you get access to all the 5 courses. You do not need to register for each course separately. |
| Hours | 14+ Video Hours |
| Core Coverage | Basics of Cost Accounting, Cost Terms and Purpose, Cost Volume Profit Analysis, Types of Costing, Job Costing, Batch Costing, Activity Based Costing, Cost Allocation and Analysis, Profitability Analysis, Decision Making using Marginal Costing, Process Costing, Joint Product and By Product |
| Course Validity | Lifetime Access. You can view the cost accounting course any number of times |
| Eligibility | No eligibility as such. |
| What do you get? | Certificate of Excellence for each of the 5 courses |
| Certification Type | Course Completion Certificates |
| Verifiable Certificates? | Yes, these are verifiable certificates. This means that you will be provided with a unique URL/Link which you can include in your resume/Linkedin profile for online verification. |
| Type of Training | Video Course – Self Paced Learning |
| System Requirement | 1 GB RAM or higher |
| Other Requirement | Speaker / Headphone |
Course Curriculum
This entire online cost accounting course is divided into five sub-courses which can be done separately as well. But to extract the best out of the entire course, it’s better that you follow the sequence and do all five sub-courses.
Cost Accounting: 01 Getting Started
- Getting Started (Basic Cost Accounting): In this sub-course, you will learn a lot. This online cost accounting course is designed for beginners. Students who are just starting out in cost accounting should do this course first.
- Introduction: In the first section of this sub-course, you will learn the fundamentals of cost accounting.
- Cost Terms and Purpose: To understand cost accounting in detail, it’s important that you understand each cost term and the purpose of cost accounting. In this section, you will learn about direct cost and indirect cost accounting. You will also get to know the behavior of the cost and example on the same. The instructor will also take you through cost function and cost estimation. Finally, you will learn about the high low method and the example on the same.
- Cost Volume Profit Analysis: This is the final section of this sub-course. In this section, you will first learn the fundamental of cost volume profit analysis. Then you will go through CVP assumptions and practically understand an example on the same. Then you will learn about the contribution margin ratio of cost, fixed cost and sales volumes, equation method of cost, and contribution margin method of cost. Then the instructor will take you through the margin of safety and its example and many examples of cost accounting.
Cost Accounting: 02 – Types of Costing
- Types of Costing: This is the second sub-course. This online cost accounting course is designed for intermediate students who have already done the first sub-course i.e. the basic cost accounting.
- Introduction of Cost Sheet: In this section, you will learn what a cost sheet is and what the pattern of a cost sheet is all about. Then the instructor will explain the cost of production and the cost of sales. Finally, you will go through an example of a cost sheet.
- Example of a Cost Sheet: This section is totally dedicated to learning the example of a cost sheet. The instructor will take you through each item of the cost sheet. Then you will learn to calculate the profit as well.
- Job Costing: This entire section is dedicated to job costing. You will learn what job costing is, limitations of job costing, numerous examples of job costing, and data pertaining to job costing examples.
- Batch Costing: This entire section is devoted to batch costing. The instructor will take you through the fundamentals of batch costing, the binder in batch costing example, and batch costing profitability example.
- Activity-Based Costing: In this section, you will learn the fundamentals of activity-based costing. Then the instructor will take you through an example of activity-based costing. Then you will learn about the total cost using activity-based costing. Finally, you will learn about the cost driver and the volume of the cost driver in activity-based costing.
Cost Accounting: 03 – Cost Allocation and Analysis
- Cost Allocation and Analysis: This is the third sub-course of the cost accounting course. This cost accounting course is designed for intermediate students.
- Introduction: In this section, you will learn about cost allocation.
- Cost Allocation: In this second section, you will learn about the steps for cost allocation. You will also get to understand the indirect cost, the basis of apportionment, and examples of the basis of apportionment.
- Allocation of Service Department Cost: In this section, you will learn about the allocation of service department cost, method of re-apportionment cost, and direct re-distribution cost. The instructor will also take you through the example of the step-down method, two departments in the step-down method, and an example of the direct and step-down method. You will also learn about the reciprocal re-distribution method and an example of the same. Finally, you will learn about the overhead absorption rate, an example of an overhead absorption rate, and customer profitability profile.
- Profitability Analysis: In this last segment, you will learn about profitability analysis in detail.
Cost Accounting: 04 – Decision Making using Marginal Costing
- Decision Making using Marginal Costing: This is the fourth sub-course of this comprehensive course. This is designed for intermediate students.
- Introduction: In this first section, you will learn about the fundamentals of decision-making.
- Relevant Cost in Marginal Costing: In this second section, you will learn about the relevant cost in marginal costing and non-relevant cost in marginal costing.
- Example of Relevant Costing: In this section, you will go through a detailed example of relevant costing and you will learn additional tits-bits about relevant costing.
- Cost of Opportunity: This is a very comprehensive section. In this section, you will learn about the concept of opportunity cost with an example. You will also learn about the cost concept and marginal costing and their respective examples. Then the instructor will take you through the independent situation of marginal costing, cost volume profit (CVP) ratio, contribution margin ratio, break-even analysis, target profit analysis, and also the example of target profit analysis. Finally, you will get to understand the graph of analysis, decision making using cost costing and CVP Analysis, and example of decision making.
- Types of Cost: In this final segment, you will learn about the impact realization value and route maintenance cost, cost indifference example in decision making, different types of cost indifference, output range and machine preferences in cost indifference, calculating cost indifference & interpreting results, and finally calculating opportunity cost.
Cost Accounting: 05 – Process Costing
- Process Costing: This is the final sub-course of the full comprehensive course. This is designed for intermediate students.
- Introduction: In the first section, you will learn process costing in detail.
- Getting started: In this second section, you will learn about the meaning and the principle of process costing, practical examples of process costing, the difference between process costing and job costing, and lastly process costing accounts.
- Practical Example: In this section, you will learn everything about process accounts and costs. The instructor will take you through the practical example of process accounts, key terms of process costing, normal loss in process account, and example of normal loss in process account. You will also learn about different types of process account, an example of abnormal loss, the concept of equivalent production, valuation of work progress inventory, an example of equivalent products, the average method in work progress inventory, and a final example of the average method.
- Joint Product and By-Product: In this last section, you will learn about joint products and by-products. The instructor will also guide you on physical and average unit cost in the joint product, contribution margin method in the joint product, market value method in the joint product, accounting for by-product, and finally, you will get to understand spoilage and rework.
Industry Growth Trend
The wealth management platform market was valued at USD 1.52 Billion in 2016 and is projected to reach USD 3.20 Billion by 2022, at a CAGR of 13.4% during the forecast period. The base year considered for this report is 2016, and the forecast period is 2017–2022.
[Source – MarketsandMarkets]
Average Salary
Average Salary
$90,321 per year
Salary estimates are based on 5,836 salaries submitted anonymously to Indeed by Finance Manager employees, users. The typical tenure for a Finance Manager is 2-4 years.
[Source – Indeed]
Cost Accounting Certificate of Completion
Requirements/Pre-requisites
- Willingness to do this cost accounting course: The first pre-requisite to this training is your willingness and commitment to do this course. Only going through the course will not make you an expert in cost accounting. You need to simultaneously practice on your own while you learn.
- Basic knowledge in accounting terms: It is important that you understand the basic accounting concepts and terminologies. Otherwise, it would be difficult for you to do this cost accounting course.
- Basic knowledge of cost: You don’t need to know everything about costing. A fundamental knowledge will help you understand the concepts well and you would be able to extract the maximum value out of this course.
Target Audience
- Students of finance: This online cost accounting course would be relevant and useful to the students of finance. Students from other branches can do this course, but only they can ensure the usefulness and relevance of this course to their stream of study.
- Accountants, Cost Accountants, Tax Consultants: These working professionals would get tremendous benefits out of this comprehensive course.
- Entrepreneurs: To entrepreneurs, this online cost accounting course would be invaluable since this course will teach them how to make effective decisions, how to reduce costs, and how to increase revenue and profit.
FAQs – General Questions
This online cost accounting course can’t be missed. It may not be relevant for all streams of students, but this is the most comprehensive and best course on cost accounting in the market.
The answer lies within your question. It’s all about your willingness to do the course. But how useful this cost accounting course would be in your professional life, you need to figure that out.
Who won’t love a refresher course after many years of experience? This is a classic refresher course for those who have been in cost accounting for many, many years.
Sample Previews
Here are some of the sample videos of this course. Click on the icons below to view the samples –
| Concept of Opportunity Cost Example |
| Example of Direct and Step Down Method |
| Contribution Margin Ratio |
| Practical Example of Process Accounts |
| CVP Model Analysis Assumption |
Career Benefits
- Add tremendous value to your professional life: There is no doubt about it. Do this online cost accounting course and you would know how valuable this course actually is.
- You will be way ahead of your peers: If you do this course, you would be marching along the extra mile. And your peers won’t be able to catch you any time soon.
Course Reviews / Testimonials
This online cost accounting course is very useful for people who are interested in making a career in Consulting division.The concepts are explained with real life examples in a concise manner.The concepts are drilled down to basics and can be applied across industries.This cost accounting course is preface to other cost accounting courses.
I found all the video tutorials very insightful and the quality of teaching all the concepts was quite good. i have understood cost accounting concepts very well and hope to apply them effectively in future. i would truly recommend others to subscribe educba for any kind of professional guidance which they require. thanks to educba for such a wonderful any time and any where e-learning!
The course deals with the basic of cost accounting. Someone who does not have knowledge on cost accounting may learn from this cost accounting course. Concepts are explained with proper examples. CVP method is explained in a very lucid manner. I liked the course very much and will suggest others interested in Finance to opt for this course.
It is a very good course. The explanation is very simple and easy to understand. The examples given are quite good and can easily be related. The audio quality is good however it can be improved. The supporting documents are also helpful. The overall learning value is high, especially for those who are beginners.
Very detailed and nicely explained with application based approach.! Examples are apt and help to undestand concepts better.
Good for begineers who are looking to learn cost management accounting from scratch. Basic concepts of Balancesheet and Income statement may help, but if not it’s also covered in the course
